I think you’re right, mostly. As a user I’d like to know explicitly what my risk factor is. Any exchange or custodian has a non zero chance of getting hacked o

I think you’re right, mostly. As a user I’d like to know explicitly what my risk factor is. Any exchange or custodian has a non zero chance of getting hacked or inside-jobbed; unlike fiat currencies there is no judicial process that is going to maybe let me claw my stuff back. A sort of fdic insurance for custodian crypto accounts, is an inevitable market solution.